Putnam 529 Equity Income

Putnam Equity Income Fund Investment Option invests in Putnam Equity Income Fund, which invests mainly in common stocks of large U.S. companies, with a focus on value stocks that offer the potential for capital growth, current income, or both.

Fund Description

The Individual Fund Investment Options enable Account Owners to build portfolios concentrating on specific asset classes such as large capitalization equity growth, international equity or investment grade fixed income. Doing so permits Account Owners to tailor investments to their specific investment needs and objectives that may not be met by the broader Asset Allocation Investment Options.

Management team

Data is historical. Past performance is not a guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions. Returns after sales charge for class A shares reflect the current maximum initial sales charges of 5.75% for the Goal-Based, Age-Based, Multi-Asset Absolute Return option, and Equity Asset Class Options, 4.00% for the Fixed-Income Asset Class Option, and 1.00% for the Absolute Return 100 and Fixed Income Absolute Return options. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for the Putnam Absolute Return 100 and Putnam Fixed Income Absolute Return options, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Class D shares reflect the current maximum initial sales charges of 3.50%. The Government Money Market option does not have an initial sales charge or CDSC. Performance reflects ongoing fees and expenses, including an annualized 0.20% fee charged by the College Savings Plans of Nevada and the Nevada College Savings Trust Fund and the fees and other expenses of the Putnam Mutual Funds in which the plan invests. The funds' expense ratios are taken from the most recent prospectus and are subject to change.

Fund Facts as of 04/30/18

Fiscal Year End June
Category Equity
Product Status Open to new investors
Inception 10/01/10
Fund Code 4155
CUSIP 74675T105
Number of Accounts 1409
Outstanding Shares 607,385
Total Net assets $15.08M

Literature


Performance

Total Return (%) as of 03/31/18

Annualized Performance 1 yr. 3 yrs. 5 yrs. Life (inception: 10/01/10)
Putnam 529 Equity Income (after sales charge) 4.53% 5.81% 9.61% 11.88%
Putnam 529 Equity Income (before sales charge) 10.91% 7.92% 10.92% 12.76%

Annual Performance as of 03/31/18

  2011 2012 2013 2014 2015 2016 2017
Putnam 529 Equity Income (before sales charge) 1.66% 18.82% 31.30% 12.24% -3.31% 13.36% 18.43%

Pricing as of 05/25/18

Class Before Sales Charge NAV CHANGE After Sales Charge 52 Week High NAV
(Date)
52 Week Low NAV
(Date)
A $25.30 $-0.12 $26.84 $26.77 (01/26/18) $22.36 (05/31/17)

Data is historical. Past performance is not a guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your shares. Performance assumes reinvestment of distributions. Returns after sales charge for class A shares reflect the current maximum initial sales charges of 5.75% for the Goal-Based, Age-Based, Multi-Asset Absolute Return option, and Equity Asset Class Options, 4.00% for the Fixed-Income Asset Class Option, and 1.00% for the Absolute Return 100 and Fixed Income Absolute Return options. Class B share returns reflect the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declining to 1% in the sixth year, and is eliminated thereafter (except for the Putnam Absolute Return 100 and Putnam Fixed Income Absolute Return options, which is 1% in the first year, declining to 0.5% in the second year, and is eliminated thereafter). Class C shares reflect a 1% CDSC the first year that is eliminated thereafter. Class D shares reflect the current maximum initial sales charges of 3.50%. The Government Money Market option does not have an initial sales charge or CDSC. Performance reflects ongoing fees and expenses, including an annualized 0.20% fee charged by the College Savings Plans of Nevada and the Nevada College Savings Trust Fund and the fees and other expenses of the Putnam Mutual Funds in which the plan invests. The funds' expense ratios are taken from the most recent prospectus and are subject to change.


Performance Snapshot

  Before sales charge After sales charge
Monthly 0.89 % -4.91 %
as of 04/30/18
YTD 0.72 % -5.07 %
as of 05/25/18

Holdings

Top Holdings as of 04/30/18

Equity Income Fund
Portfolio composition as of 04/30/18
Common stock
97.49%
Cash and net other assets
1.90%
Convertible preferred stock
0.61%
Composition will vary over time.
99.61%
Putnam Govt Mmkt Fnd-A 0.46%
Top holdings, total: 100.07%

Portfolio Composition as of 04/30/18

Common stock 97.04%
Cash and net other assets 2.35%
Convertible preferred stock 0.61%

Expenses

Expense ratio

Class A† Class B Class C
Total expense ratio 1.11% 1.86% 1.86%
What you pay 1.11% 1.86% 1.86%

Sales Charges / Dealer Allowance

Breakpoint Class A† Class B Class C
$0-$49,999 5.75% / 5.00% 0.00% / 4.00% --
$50,000-$99,999 4.50% / 3.75% 0.00% / 4.00% --
$100,000-$249,999 3.50% / 2.75% -- --
$250,000-$499,999 2.50% / 2.00% -- --
$500,000-$999,999 2.00% / 1.75% -- --
$1m-$4m 0.00% / 1.00% -- --
$4m-$50m 0.00% / 0.50% -- --
$50M+ 0.00% / 0.25% -- --

CDSC

  Class A†
(sales for $1,000,000+ )
Class B Class C
0 to 9 mts. 1.00% 5.00% 1.00%
9 to 12 mts. 1.00% 5.00% 1.00%
2 yrs. 0.00% 4.00% --
3 yrs. 0.00% 3.00% --
4 yrs. 0.00% 3.00% --
5 yrs. 0.00% 2.00% --
6 yrs. 0.00% 1.00% --
7+ yrs. 0.00% 0.00% --

† For exceptions to sales load, dealer reallowance and trail commission information set forth above, see the Offering Statement.

Portfolio characteristics will vary over time.

Due to rounding, percentages may not equal 100%.

Consider these risks before investing: Value stocks may fail to rebound, and the market may not favor value-style investing. Income provided by the fund may be reduced by changes in the dividend policies of, and the capital resources available at, the companies in which the fund invests. Stock prices may fall or fail to rise over time for several reasons, including general financial market conditions and factors related to a specific issuer or industry. You can lose money by investing in the fund.